Posted 3/31/2024, 6:32:03 PM
Hedge Fund Veteran Forecasts Bitcoin to Hit $150K by 2024, Urges 1-3% Portfolio Allocation
- Hedge fund manager Mark Yusko predicts Bitcoin will surpass $150,000 in 2024, doubling its current value
- He recommends allocating 1-3% of investment portfolios to Bitcoin as an alternative to gold
- Yusko believes Bitcoin can increase 10x over the next decade due to upcoming halving and other catalysts
- He expects a supply shock and parabolic price increase toward end of 2024, peaking around Thanksgiving/Christmas
- His firm also invests in Coinbase, anticipating promising prospects for the crypto trading platform